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February 4, 2023
BUSINESS

GarantiBank finances Hyperion, the first electrical multiple unit train built in Romania

GarantiBank granted a financing amounting to EUR 4.3 million to Softronic Craiova, the only locomotive manufacturer in South-Eastern Europe, according to a press release. The financing was used for the manufacture of Hyperion, the first electrical multiple unit train in Romania. “Hyperion was built in Craiova based on the latest technology according to the European standards for interoperability. It represents a revolution in the Romanian rail transportation”, stated Ionel Ghita, Board President at Softronic. “GarantiBank is keen on supporting projects that contribute to the sustainable development of the local economic environment. We are very excited to be a part of this project and thus support the real economy, as Softronic is the best example of competitiveness powered by bank collaboration”, stated Cagri Memisoglu, Deputy General Managerat GarantiBank. The total investment for the construction of Hyperion was over EUR 5 million. Currently, the train is finalized and undergoing speed tests. Hyperion will be made available for commercial use in February 2014.

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